Cambridge property going South….
Geoff on Jul 17 2008 at 9:30 am | Filed under: cambridge
Cheffins held a property auction in Cambridge yesterday (which i missed 
). This fine 3 bed semi in Lovell Road CB4 2QW was predicted, prior to the auction, to make £180K to £200K in fact it didn’t reach £118K . Oops it made £179,500
Only 8 of the 15 lots were sold at the auction. So it looks as though the property crash has finally hit Cambridge (again). I wonder if it will take 15 years to recover this time.
Update:
From the excellent Estate angels website I found some historic prices for Lovell Road:
Lovell Road House Prices 2000 - 2007
Yesterdays price of £118K £179,500 takes as back in time to 2000! Eight two years of Cambridge property inflation wiped out in one month or so…
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